Key Takeaways: What Boards are looking for in new members.
November 2022 - Discussion with Angel, Venture, Private Equity, and Publicly-held companies as they consider expanding their Boards
In the earliest stage, talent management is usually the most needed skill.
As you move to VC backed, looking for an independent director with deep on-point expertise.
At the PE level potential board members are often identified prior to investments being made and a part of the investment team.
In all cases, strong emotional intelligence in dealing with the CEO’s. This gets much more critical as the company grows and management matures.
In all cases, including public companies, the vast majority of the time, new board members are previously known to the existing board or management. This makes your “get known” efforts critical in your efforts.
If you would like to discuss the topic further, please reach out to the Lewis Manning team;
we would be happy to connect you with one of the panelists.